Amtrak’s Chairman of the Board David Laney and President David Hughes described the railroad's funding needs for Fiscal Year 2007 at a Senate Appropriations Subcommittee hearing this week.
Amtrak is lowering its requested level of operating support for FY07 by $42 million to $498 million, compared to this year's operating support request of $540 million.
Amtrak is also proposing an increase in the funding of capital projects by $235 million, from $495 million presently to $730 million.
“This year and next are truly pivotal years for Amtrak in its implementation of strategic reform and we are aggressively ushering in change at Amtrak,” said Laney.
The proposal for federal support totals $1.598 billion.